During the Asian market hours, the GER 40 Index was observed to be trading beneath the 18,600 mark.

A cautious tone is anticipated for the opening of European markets on Wednesday, with investors weighing the implications of recent remarks by Federal Reserve officials.

Market sentiment later in the day is expected to be shaped by the release of Eurozone flash inflation and unemployment figures.

The previous trading session saw European equities ending in the red, influenced by less-than-expected outcomes in eurozone manufacturing outputs, German inflation rates, and U.K. property price figures.

As trading picked up following a holiday break, the pan-European STOXX 600 experienced a decline of 0.8 percent. In parallel, the German DAX dropped by 1.1 percent, France’s CAC 40 decreased by 0.9 percent, and the U.K.’s FTSE 100 lowered by 0.2 percent.

Technical analysis

Ger 40 Index Analysis Technical analysis 03/04/2024

Time Frame: 1 hour

GER40 Support & Resistance Table – 03/04/2024

Support & ResistanceLevelExplanation
Resistance 218639.7Daily R2
Resistance 118591.0Daily R1
Support 118461.0Daily S1
Support 218412.3Daily S2

GER40 Indicator Table – 03/04/2024

IndicatorSignal
SMA 20Sell
SMA 50Buy
SMA 100Buy
MACD( 12;26;9)Buy
RSI (14)Sell
Stochastic ( 9;6;3)Sell

GER40 Indicator / Period Table – 03/04/2024

Indicator / PeriodDay – SellWeek – BuyMonth – Buy
MACD( 12;26;9)BuyBuyBuy
RSI (14)SellBuyBuy
SMA 20SellBuyBuy

GER40 03/04/2024 – Reference Price : 18517.0

SELLSimple Moving AverageBuy (2)Sell (1)Technical Indicators – OscillatorsBuy (1)Sell (2)
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